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Bottomline Technologies Awarded Best Technology Initiative of the Year

PORTSMOUTH, N.H., Feb. 18, 2016 (GLOBE NEWSWIRE) -- Bottomline Technologies (NASDAQ:EPAY), a leading provider of cloud-based payment, invoice, and digital banking solutions, is delighted to have won the award for Best Technology Initiative of the Year, as recognized by The Card and Payment Awards 2016.

This most prestigious award ceremony recognizes excellence and innovation in the UK and Irish card and payments industry. Judged by an independent panel of industry experts, Bottomline was selected from initial submissions and shortlisted against six influential and dominant contenders to achieve this impressive award.

The Best Technology Initiative award recognized Bottomline Technologies Agency Services as a solution that delivers innovation in payments. Specifically, the judges were looking for a winner that could demonstrate and measure the use of technology as an enabler for business and customer advantage.

Using existing bank payment channels, Bottomline’s Agency Services solution enables Agency Banks and card programs to offer a new set of payment rails and improved flexibility in how funds are transferred to and from card accounts. Previously excluded from offering payment types such as Direct Debits and Faster Payments, the global prepaid market now benefits from being able to deliver ‘Banking Lite’ functionality to their customers.

"It is exciting to see such innovation in this space,” comments Michael Harty Managing Director of The Card and Payments Awards. “Bottomline’s submission was impressive and persuasively won across the judging panel as a prop that is truly changing the industry.”

“We are delighted that our technology has been recognized as an enabler to the prepaid market,” said Nigel Savory, Managing Director, Bottomline Technologies Global Business Solutions. “Agency Services gives program providers the ability to deliver the same functional benefits as traditional bank accounts, presenting significant advantages for both program providers and end-users.”

About Bottomline Technologies
Bottomline Technologies (NASDAQ:EPAY) powers mission-critical business transactions. We help our customers optimize financially-oriented operations and build deeper customer and partner relationships by providing a trusted and easy-to-use set of cloud-based digital banking, fraud prevention, payment, financial document, insurance and healthcare solutions. Over 10,000 corporations, financial institutions and banks benefit from Bottomline solutions. Headquartered in the United States, Bottomline also maintains offices in Europe and Asia-Pacific. For more information, visit www.bottomline.com

Bottomline Technologies and the Bottomline Technologies logo are trademarks of Bottomline Technologies, Inc. which may be registered in certain jurisdictions. All other brand/product names may be trademarks of their respective owners.

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements reflecting our expectations about our ability to execute on our growth plans. Any statements that are not statements of historical fact (including but not limited to statements containing the words “believes”, “plans”, “anticipates”, “expects”, “look forward”, “confident”, “estimates” and similar expressions) should be considered to be forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors including, among others, competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of factors that could impact Bottomline Technologies' operational and financial results, refer to our Form 10-K for the fiscal year ended June 30, 2015 and any subsequently filed Form 10-Qs and Form 8-Ks or amendments thereto. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.

Contact for Media: Christine Nurnberger Bottomline Technologies 603.501.6186 cnurnberger@bottomline.com

Source:Bottomline Technologies, Inc.